I think the world should be preparing for the fact oil will never be the available commodity it once was and start to look for alternative ways to make the oil byproducts in a financially viable way.
Maybe plastic will no longer be a cheap throw away product, I see filtering of ocean water to collect the microplastics is no longer a humanitarian project relying purely on donated funds and moving towards self-sustaining and possibly profitable in the future.
All that plastic collected in recycling that was no longer bought by China, might again become a valuable commodity ..... can you picture future rubbish tip mining to collect the value of what was thrown away as worthless?
The sooner the world in general, moves away from oil dependency, the sooner things will return to some sort of balance ..... but it will never return to the way it was a month or so back, far worse than when the OPEC countries realised just how much the world was willing to pay for what they had ..... This will not just be about how much anyone is willing to pay, and more about it no longer being available the way it once was .....
T1 Terry